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INTRODUCTION: In the current global order, where the world has become a big village, consumers take a global look at the products and services in terms of price, quality, delivery and after-sale services. This trend has sown the seeds of competition in every sector of economy and banking sector is no exception to this event. Banking, the world over, has been changing at a spectacular pace. This change is due to multifarious factors like the need to be efficient in functions, thirst for becoming finance superpowers than mere banks, growing importance of private banking, the rise in high net worth individuals, etc. the decade of 90s has witnessed a sea change in the way banking is done in India. Technology has made tremendous impact in banking. “ANYWHERE BANKING” and “ANYTIME BANKING” have become a reality. Growing integration of economies and the markets around the world have made global banking a reality too. The surge in globalization of finance has also gained momentum with the technology advancements, which have effectively become overcome the national borders in the financial services business. India, as we know, is one of the 104 signatories of Financial Services Agreement (FSA) of 1997. This gives Indian banks an opportunity to expand on a quid pro quo basis. BANKING IN INDIA:

Banking in India originated in the last decades of the 18th century. The oldest bank in existence in India is the State Bank of India, a government-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. Central banking is the responsibility of the Reserve Bank of India, which in 1935 formally took over these responsibilities from the then Imperial Bank of India, relegating it to commercial banking functions. After India's independence in 1947, the Reserve Bank was nationalized and given broader powers. In 1969 the government nationalized the 14 largest commercial banks; the government nationalized the six next largest in 1980. Currently, India has 96 scheduled commercial banks (SCBs) - 27 public sector banks (that is with the Government of India holding a stake), 31 private banks (these do not have government stake; they may be publicly listed and traded on stock exchanges) and 38 foreign banks. They have a combined network of over 53,000 branches and 17,000 ATMs. STRUCTURE OF BANKING SYSTEM IN INDIA:

The following figure represents the structure of Indian Banking System. {draw:frame}
ROLE OF BANKING SECTOR IN THE GROWTH OF INDIAN ECONOMY: Money lending in one form or the other has evolved along with the history of the mankind. Even in the ancient times there are references to the moneylenders. Indian history is also replete with the instances referring to indigenous money lenders involved in the business of money lending by mortgaging the landed property of the borrowers. Towards the beginning of the 20th century, with the onset of modern industry in the country, the need for government regulated banking system was felt. Reserve Bank of India was set up to regulate the formal banking sector in the country. But the growth of modern banking remained slow mainly due to lack of surplus capital in the Indian economic system at that point of time. Modern banking institutions came up only in big cities and industrial centers. The rural areas, representing vast majority of Indian society, remained dependent on the indigenous money lenders for their credit needs. Independence of the country heralded a new era in the growth of modern banking. In 1969, Indian government took a historic decision to nationalize 14 biggest private commercial banks. A few more were nationalized after a couple of years. This resulted in transferring the ownership of these banks to the State and the Reserve Bank of India could then issue directions to these banks to fund the national programs, the rural sector, the plan priorities and the...

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Macroeconomics Research Paper
Prepared by : Sourabh Kumar SahaPGDM : 2008-2010Calcutta Business School , West Bengal
, IndiaEmail : souravsaha86@gmail.com
Abstract:
Banks play an important role in development of Indianeconomy. After liberalization, thebanking industry under went major changes. The economic reforms totally have changed thebanking sector. RBI permitted new banks to be started in the private sector as per therecommendation of Narasimham committee. The Indian banking industry was dominated bypublic sector banks. But now the situations have changed. New generation banks with used of technology and professional management has gained a reasonable position in the bankingindustry. In this paper we look at the type of banks , their role and functioning , Establishment
and Role of India‟s Central Bank
- RBI and the recent banking reforms .We perform a comparative data analysis between GDP and total advances &amp; deposits .We also check whether the Credit Deposit Ratio has any relationship with the GDP . We thenperform a regression analysis to check whether there is any relationship between GDP and Bank lending interest rates. We also compare the Flow of credit to Agricultural...

...Banks NPA and Impact on IndianEconomy
Introduction:- A well organized and efficient banking system is a pre-requisite for economic growth. Banks play an important role in the functioning of organized money market. in order to meet the banking needs of various sections of the society, a large network of bank branches has been established. There are four type of banking institutions.
a- Commercial Banks
b- Regional Rural Banks
c- Co-operative Banks
d- Development Banks (Term lending institutions)
Principal Enactment of Banking Functions: There is an elaborate framework governing the functioning of banks in India. The principal enactment of which governs the functioning of various banks are as under:-
a- Banking Regulation Act 1949
b- Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970
c- Banking Companies (Acquisition and Transfer of Undertaking) Act, 1980
d- State Bank of India Act, 1955
e- Regional Rural Bank Act, 1976
f- Companies Act, 1956
g- Co- operative Societies Act, 1912 or the relevant state Co-operative societies Act
Besides the above enactment the provisions of Reserve Bank of India Act, 1934 also effect the functioning of banks....

...The customer service life cycle described by Blake Ives provides a structured perspective on the process of making the purchase decision, acquiring the product, owning it, and finally retiring or disposing of a product or service. After putting this process into an E-commerce framework, the successes of various organizations matching these needs were demonstrated. As one of the recognized successes, Dell Computer is now doing 40 percent of its total business through its web site. The Customer Service Life Cycle The CSLC described by Blake Ives is a thirteen phase process covering the customers activities associated with making the purchase decision, acquiring the goods or services, owning and maintaining the product and finally retiring it when it is no longer serving its purpose. Each sub-phase should be looked at through the customers eyes and the whole process expedited through the effective design of an E-commerce process. The phases are summarized below Requirements Establish requirements Establish a need for the product Specify Determine product attributes Acquisition Select source Determine where to obtain the product Order Order the product from a supplier Authorize and pay for Transfer funds or obtain credit Acquire Take possession of the product Test and accept Ensure that product meets specifications Ownership Integrate Add to an existing inventory Monitor Control access and use of the product Upgrade Upgrade the product if conditions change Maintain Repair the...

...India Transport Sector
India’s transport sector is large and diverse; it caters to the needs of 1.1 billion people. In 2007, the sector contributed about 5.5 percent to the nation’s GDP, with road transportation contributing the lion’s share.
Good physical connectivity in the urban and rural areas is essential for economic growth. Since the early 1990s, India's growing economy has witnessed a rise in demand for transport infrastructure and services.
However, the sector has not been able to keep pace with rising demand and is proving to be a drag on the economy. Major improvements in the sector are required to support the country's continued economic growth and to reduce poverty.
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...EXECUTIVE SUMMARY
The study was conducted in South IndianBank, Hampankatta branch. South Indianbank (SIB) is a leading commercial private sector bank in India. On 29th January 1929, South IndianBank was brought to life by an ensemble of entrepreneurs at Trissur, in Kerala. The Hampankatta branch was started in 1966 with 1 manager and 3 staff. The huge number of Keralites in Mangalore was one of the main reasons of starting SIB branch here. The bank has a remarkable growth since its beginning now it is a Assistant General Manager's branch. This bank is functioning under the SIB regional office Bangalore.
The topic Selected for this project is "A Study on the effectiveness of Marketing Strategies of South IndianBank Hampankatta branch.”
In order to select samples for the survey 4 places in Mangalore were selected, i.e., Kankanady, Thokkottu, Hampankatta, Jyothi, Lady Hill.. Totally 100 respondents were selected for survey.
The following are the key findings:
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...The Central Statistical Organisation (CSO) undertook a
countrywide Economic Census, for the first time in 1977 to provide a better frame for conducting follow-up surveys for collection of detailed information particularly from unorganized establishments. The basic information, relating to the distribution of non-agricultural establishments by activity, type of ownership, rural/urban break up and by employment size needed for preparation of a frame for conducting detailed surveys was collected in the Economic Census.
The second and third Economic Censuses were conducted in 1980 and 1990 along with house listing operation of 1981 and 1991 Population Censuses respectively.
The fourth Economic Census was conducted during 1998 in all States/UTs in collaboration with concerned State/UT Directorates of Economics and Statistics.
The Fifth Economic Census was conducted in the year 2005 in all the States/UTs again in collaboration with State/UT Directorates of Economics &amp; Statistics. The Census covered all entrepreneurial activities throughout the country (except crop production and plantation).
The final results of Economic Census 2005 were released on 29th May, 2008. The detailed results of the Economic Census are available on the Ministry’s websit
The Central Statistical Organisation (CSO) is responsible for coordination of statistical activities in India, and evolving and maintaining statistical standards. It has a well-equipped Graphical Unit. The CSO is...

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